ING Groep NV Sells 27,789 Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

ING Groep NV trimmed its stake in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 49.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,031 shares of the transportation company’s stock after selling 27,789 shares during the period. ING Groep NV’s holdings in C.H. Robinson Worldwide were worth $2,896,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CHRW. Handelsbanken Fonder AB lifted its holdings in C.H. Robinson Worldwide by 40.2% in the fourth quarter. Handelsbanken Fonder AB now owns 35,200 shares of the transportation company’s stock worth $3,637,000 after buying an additional 10,100 shares during the period. Alberta Investment Management Corp raised its holdings in C.H. Robinson Worldwide by 0.7% in the fourth quarter. Alberta Investment Management Corp now owns 502,279 shares of the transportation company’s stock worth $51,895,000 after purchasing an additional 3,600 shares in the last quarter. Pasadena Private Wealth LLC lifted its position in C.H. Robinson Worldwide by 15.5% during the fourth quarter. Pasadena Private Wealth LLC now owns 2,326 shares of the transportation company’s stock valued at $240,000 after buying an additional 312 shares during the period. Convergence Investment Partners LLC boosted its holdings in shares of C.H. Robinson Worldwide by 19.6% during the 4th quarter. Convergence Investment Partners LLC now owns 12,277 shares of the transportation company’s stock valued at $1,268,000 after buying an additional 2,011 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its position in shares of C.H. Robinson Worldwide by 54.7% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,370 shares of the transportation company’s stock worth $555,000 after buying an additional 1,898 shares during the period. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Citigroup lowered their price target on shares of C.H. Robinson Worldwide from $130.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. The Goldman Sachs Group lifted their target price on shares of C.H. Robinson Worldwide from $97.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, November 1st. TD Cowen raised their price objective on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the company a “hold” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. dropped their target price on C.H. Robinson Worldwide from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, Wells Fargo & Company raised C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $118.00 to $130.00 in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $117.17.

C.H. Robinson Worldwide Stock Up 0.5 %

Shares of C.H. Robinson Worldwide stock opened at $100.88 on Friday. C.H. Robinson Worldwide, Inc. has a twelve month low of $65.00 and a twelve month high of $114.82. The company has a quick ratio of 1.49, a current ratio of 1.28 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average is $102.86 and its 200 day moving average is $104.62. The company has a market cap of $11.98 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 1.16 and a beta of 0.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.11. C.H. Robinson Worldwide had a return on equity of 34.53% and a net margin of 2.63%. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.46%. C.H. Robinson Worldwide’s dividend payout ratio is currently 64.42%.

Insider Activity

In other news, insider Michael D. Castagnetto sold 5,016 shares of C.H. Robinson Worldwide stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.60, for a total transaction of $499,593.60. Following the transaction, the insider now owns 34,586 shares in the company, valued at $3,444,765.60. This trade represents a 12.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.47% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.